Exploring Peter Buffett's Legacy: From Warren to Emmy Award-Winning Musician

  • Music
  • Thread starter Astronuc
  • Start date
In summary, Peter Buffett, son of billionaire investor Warren Buffett, inherited $90,000 in stock at the age of 19. However, his father did not provide him with any additional financial support and instead encouraged him to make his own way in life. Despite this, Peter Buffett has become a successful musician and philanthropist. Warren Buffett still lives a simple and routine life, driving himself to work daily and maintaining a well-worn groove. He has also followed the same approach with his other children, believing that simply handing them money would not teach them valuable lessons. In conclusion, the Buffetts value hard work and moral principles over financial comfort and security.
  • #1
Astronuc
Staff Emeritus
Science Advisor
2023 Award
21,973
6,514
I heard an interesting interview with Peter Buffett, son of Warren Buffett.

http://www.npr.org/templates/story/story.php?storyId=126538348

When Peter Buffett was 19 years old, he inherited $90,000 in stock — no more, no less. That isn't exactly a small sum, but when you consider that Buffett's father — billionaire investor Warren Buffett — is one of the richest people in the world, that inheritance starts to look a little skimpy.

But Peter Buffett doesn't seem to mind. In his new memoir, Life Is What You Make It, he explains that he's glad his father didn't let him take the easy way out. With plenty of emotional support — but little financial support from his parents — Peter Buffett has become an Emmy Award-winning musician. He talks to NPR's Renee Montagne about how he learned to "make the best of a good situation."

. . . .
Warren Buffett still lives in the house where Peter and his siblings grew up. Peter says that his father has essentially maintained the same routine since 1964 — every day he drives himself to work, parks in the same parking space, goes to work in the same building. It's a "well-worn groove" that works for the legendary investor, because he "loves what he does so much," his son explains.
. . . .
That was a lot of money when I was 19. That would have paid for my parents house!

Peter Buffet's website - http://www.peterbuffett.com/index3.html

He is a musician and philanthropist.

One may encounter something affiliated with Berkshire Hathaway any day.
http://en.wikipedia.org/wiki/List_of_assets_owned_by_Berkshire_Hathaway
 
Last edited by a moderator:
Science news on Phys.org
  • #2
Also note that the initial $90K would today be worth 70 million if he hadn't spent it...

Maybe his dad was trying to teach him an object lesson, and he just didn't follow it.

I believe Buffet had 3 children and he did the same with all of them.

Just handing someone money teaches them nothing.. teach them how to manage money and they'll go much further..

IMHO having the right values and moral compass trumps a few creature comforts and security. I'm right on board with Warren.

Go Dad!
 
  • #3
This is a hard problem. I've thought about it for years. The answer is to do what Buffet did but then after your kids turn out well you give them the billions anyway. If they think the money is heading their way it will corrupt them.
 

Related to Exploring Peter Buffett's Legacy: From Warren to Emmy Award-Winning Musician

1. What is the relationship between Peter Buffett and Warren Buffett?

Peter Buffett is the son of renowned investor and philanthropist, Warren Buffett. Warren Buffett is known for his successful career in finance and is often referred to as one of the most successful investors of all time.

2. How did Peter Buffett transition from finance to becoming an Emmy Award-winning musician?

After working in finance for several years, Peter Buffett decided to pursue his passion for music. He released his first album in 1987 and has since gone on to win an Emmy Award for his work on the musical score for the documentary "Dangerous Women."

3. What is Peter Buffett's legacy in the music industry?

Peter Buffett's legacy in the music industry includes his successful career as a composer, performer, and producer. He has released over 20 albums and has collaborated with artists such as Akon, Angelique Kidjo, and Sarah McLachlan. He is also known for his philanthropic efforts through his charitable foundation, NoVo Foundation.

4. What role has Peter Buffett's upbringing played in his career and legacy?

Peter Buffett's upbringing in a wealthy and successful family has certainly provided him with opportunities and resources to pursue his passions. However, he has also used his platform and privilege to give back and make a positive impact in the world through his music and philanthropic work.

5. How has Peter Buffett's work as a musician intersected with his father's philosophy on philanthropy?

Peter Buffett's music often reflects his father's philosophy on philanthropy, which emphasizes the importance of giving back and using wealth for the greater good. He has also collaborated with his father on various charitable projects, including the Giving Pledge, which encourages billionaires to donate the majority of their wealth to charitable causes.

Back
Top